Forex — Dollar on More Than 1-week lows before Fed minutes

Dollar remains broadly lower in comparison to other majors in subdued trade — The dollar to more than one-week lows against other major colleagues on Wednesday, as the markets expected the minutes of the Federal Reserve’s latest policy meeting and doubts about a possible U.S. fiscal overhaul weighed on the greenback.

Market participants are published with a view to the minutes of the Fed’s most recent monetary policy meeting due later in the day for more clues on the upcoming interest rate increases.

At its September meeting, the Fed for the possibility of a third interest rate increase signalled in this year.

Meanwhile, the greenback remained under pressure as U.S. President Donald Trump’s public feud with the Tennessee Senator and fellow Republican Bob Corker concern over the vote by a large tax-code reform has caused.

EUR/USD gained 0.29% to 1.1843, the highest level since September 26, the Spanish political tensions temporarily eased.

Catalan-President Carles Puigdemont on Tuesday signed a document of the proclamation of the region signed the independence from Spain, but he also suspended to allow the motion for the coming weeks, talks with the Spanish government, to avert an immediate crisis.

The Spanish government toconvene in Madrid was planned for Wednesday on the coast to his answer to the Catalan independence movement.

Elsewhere, GBP/USD, 0.14% slipped to 1.3185.

The yen and the Swiss franc were higher, with USD/JPY down 0.16% at 112.26 and with USD/CHF shedding 0.24% to 0.9724.

The Australian and New Zealand dollars were steady, with AUD/USD at 0.7778, and with NZD/USD at 0.7070.

Meanwhile, USD/CAD was almost unchanged at 1.2509.

The US dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.18% 92.92 10:50 am ET (14:50 GMT), the lowest since September 29.

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